(26 JUNE 2017)USD / CHF:Short-term selling pressures.

(26 JUNE 2017)USD / CHF:Short-term selling pressures.

26 June 2017, 13:37
Jiming Huang
0
17

chf


Short-term selling pressures.

• USD/CHF is pushing lower. Hourly resistance 

can be found at 0.9771 (09/06/2017 high). Strong 

resistance is given at 1.0107 (10/04/2017 high). 

Expected to show continued short-term bearish 

pressures. 

• In the long-term, the pair is still trading in 

range since 2011 despite some turmoil when the 

SNB unpegged the CHF. Key support can be 

found 0.8986 (30/01/2015 low). The technical 

structure favours nonetheless a long term bullish 

bias since the unpeg in January 2015.

(By Yann Quelenn)

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